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Economic Growth

Language: English | Ukrainian

Since independence, Ukraine has undertaken sporadic, uneven reforms in building an efficient market-based economy that serves the public good. USAID continues to support the development of a business friendly environment that encourages small and medium-size business development. With USAID support, the Government of Ukraine recently achieved several milestones, including introducing an electronic disclosure and reporting system of publically listed companies, creating institutions to facilitate transparent and efficient asset trading, and development of bond market.

USAID works to build a strong financial sector in Ukraine that is regulated by politically and financially independent entities, supported by industry best practices, integrated with international standards, and trusted by Ukraine’s citizens and the investor community.

USAID programs are helping improve the business climate at the national and local levels to encourage both domestic and foreign investment. By streamlining laws and regulations that determine the cost of doing business, USAID enables local businesses to compete in both domestic and international markets.

Current Programs

Commercial Law Reform Project
Commercial Law Center
October 16, 2011 – October 15, 2015

The USAID Commercial Law Reform project is helping the Government of Ukraine draft laws and secondary legislation related to public-private partnerships, taxation, bankruptcy, registration of companies, and other areas critical to economic development. CLC was launched in 2003 as a legacy of previous USAID activities that helped the Government of Ukraine develop modern legislation and market-oriented policies to replace Soviet-style laws and outdated command economy regulations.

Business Investments and Loans
Western NIS Enterprise Fund/Horizon Capital
September 21, 1994 – August 26, 2016

The Western NIS Enterprise Fund (WNISEF) is an investment fund capitalized with $150 million by the U.S. Government in 1994 to promote expansion of a wide array of private enterprises in Ukraine, Moldova and Belarus. The Fund provides capital and management tools for its companies. Since its inception the Fund has invested a total of $168 million in 118 companies in the region, employing 25,700 people and training hundreds of local managers in finance, accounting, marketing, rules and management.

Financial Sector Development Program II (FINREP II)
October 1, 2012 – September 30, 2017

The purpose of FINREP-II is to increase financial sector stability and restore public trust in financial markets.  The project has three broad objectives: 1) strengthen supervision and regulation of the financial industry; 2) develop financial and derivatives markets; and, 3) increase financial literacy of the general population.

Municipal Finance Strengthening Initiative (MFSI-II) Roll-Out
Institute for Budgetary and Socio-Economic Research (IBSER)
September 30, 2011 – September 30, 2015

The purpose of the activity is to promote efficient and transparent implementation of local budgets to foster local social and economic development. MFSI-II will advance the following objectives: 1) provide legislative, methodological and organizational support to central and local government bodies to expand Performance Program Budgeting (PPB) to all local budgets in Ukraine; 2) build the capacity of 15 selected cities to develop and implement multi-year development strategies, including the introduction of financial practices that foster energy efficiency; and 3) enhance public awareness and understanding of the public budgeting process, revenues and expenditures.

Development Initiative for Advocating Local Governance in Ukraine (DIALOGUE)
Association of Ukrainian Cities (AUC)
May 11, 2010 – November 9, 2014

USAID’s DIALOGUE project provides training and constancy to Ukrainian public servants, civil society organizations, and the public to help build a positive environment for local government reforms and ensure broad-based support for decentralization. The project seeks to create a constructive dialogue between local governments and the central government, and expand the legal and institutional framework for the development of local government in Ukraine.

Public-Private Partnerships Development Program
FHI Development 360
October 1, 2010 – September 30, 2015

The Public-Private Partnership (PPP) Development Program promotes PPPs as a model of collaboration, with a focus on private sector funding and operational expertise to improve infrastructure and public services in both urban and rural areas. Program activities are centered on: 1) legal and institutional reforms; 2) establishing a national public-private partnership within unit that connects government and private sector interests; 3) training government and private sector representatives on Public-Private Partnership project design and implementation, and informing the public on the PPPs potential impact for social and economic development; and 4) developing and implementing 10 PPP pilot projects.

Last updated: September 10, 2014

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